Autodesk Completes Acquisition of Circuits.io

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ADSK

"The rise in affordable, programmable microprocessors like the Arduino, paired with components like sensors and input/output boards, are creating new opportunity for gadget makers and inventors. Autodesk works with a large and passionate community of electronics-focused users, with over 2000 Instructables leveraging Arduino and circuitry-based projects on Instructables.com"

LAS VEGAS--(BUSINESS WIRE)--CES —Autodesk,
Inc. (NASDAQ: ADSK) has completed the acquisition of technology and
the development team of Circuits.io, a web-based app and connected
community for designing and simulating electronic circuits. Autodesk
partnered with the Circuits.io team to introduce Autodesk
123D Circuits in 2013, and through this acquisition Autodesk intends
to expand its offering of technology for electronic circuit design and
simulation. Terms of the transaction were not disclosed.

“The rise in affordable, programmable microprocessors like the Arduino,
paired with components like sensors and input/output boards, are
creating new opportunity for gadget makers and inventors. Autodesk works
with a large and passionate community of electronics-focused users, with
over 2000 Instructables
leveraging Arduino and circuitry-based projects on Instructables.com,”
said Samir Hanna, vice president, Autodesk Consumer Group. “We are
excited to welcome the Circuits.io team and community to Autodesk, and
look forward to developing new tools to help these users unlock their
creativity.”

Autodesk released 123D Circuits in September 2013, which expanded on the
existing Circuits.io app by adding a breadboard view, and let users run
code and simulate circuits in the app. Since this time, the community
has grown to more than 30,000 users. 123D Circuits users can create
projects ranging from simple, blinking LED to the autopilot circuitry
for flying drones. Users have the ability to share circuits with the
community, and to start new projects based on a circuit created by other
members of the community. In addition users can order custom circuit
boards of what they’ve designed in the app to be manufactured and
shipped to them. As part of this acquisition, Autodesk plans to migrate
all Circuits.io accounts to 123D
accounts, and both “Maker” and “Professional” level members will receive 123D
Premium membership as part of this migration.

Business Outlook

This transaction is expected to have no impact on guidance issued on
November 21, 2013.

Safe Harbor Statement

This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding: the impact of
the acquisition on Autodesk's guidance issued on November 21, 2013,
business performance, and circuit design and simulation product and
services offerings, the impact of the acquired technology on Autodesk's
circuit design and simulation products and services capabilities, the
impact of the combined product capabilities, and Autodesk’s intention to
expand its offering of technology for circuit design and simulation.
Factors that could cause actual results to differ materially include the
following: difficulties encountered in integrating merged businesses;
costs related to the acquisition; whether certain markets grow as
anticipated; the competitive environment in the software industry and
competitive responses to the acquisition; our success developing new
products or modifying existing products and the degree to which these
gain market acceptance; general market and business conditions; and any
unanticipated impact of accounting for acquisitions.

Further information on potential factors that could affect the financial
results of Autodesk are included in the company's annual report on Form
10-K for the year ended January 31, 2013, and Form 10-Q for the quarter
ended October 31, 2013, which are on file with the Securities and
Exchange Commission. Autodesk does not assume any obligation to update
the forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made.

About Autodesk

Autodesk helps people imagine, design and create a better world.
Everyone—from design professionals, engineers and architects to digital
artists, students and hobbyists—uses Autodesk software to unlock their
creativity and solve important challenges. For more information visit autodesk.com or
follow @autodesk.

Autodesk, Instructables and 123D are registered trademarks of
Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA
and/or other countries. All other brand names, product names or
trademarks belong to their respective holders. Autodesk reserves the
right to alter product and services offerings, and specifications and
pricing at any time without notice, and is not responsible for
typographical or graphical errors that may appear in this document.